A number of other brokerages also recently commented on GRPN. Vetr downgraded Groupon from a strong-buy rating to a buy rating and set a $5.83 target price for the company. in a research note on Wednesday, October 4th. Jefferies Group LLC restated a hold rating and issued a $4.00 target price on shares of Groupon in a research note on Thursday, October 19th. Goldman Sachs Group, Inc. (The) restated a sell rating and issued a $4.70 target price on shares of Groupon in a research note on Wednesday, October 11th. B. Riley lifted their target price on Groupon from $5.50 to $6.30 and gave the company a buy rating in a research note on Wednesday, October 18th. Finally, Piper Jaffray Companies restated an overweight rating and issued a $6.25 target price (up from $5.50) on shares of Groupon in a research note on Wednesday, November 1st. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Groupon currently has an average rating of Hold and a consensus price target of $4.97.
Groupon (GRPN) opened at $5.62 on Thursday. Groupon has a 52 week low of $2.90 and a 52 week high of $5.70. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.99.
In other Groupon news, insider James Sullivan sold 25,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $5.29, for a total value of $132,250.00. Following the transaction, the insider now owns 350,919 shares of the company’s stock, valued at $1,856,361.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Brian Stevens sold 10,000 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $4.04, for a total value of $40,400.00. Following the completion of the transaction, the chief accounting officer now directly owns 215,696 shares in the company, valued at approximately $871,411.84. The disclosure for this sale can be found here. Insiders sold 2,310,000 shares of company stock worth $10,180,150 in the last ninety days. 23.40% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of GRPN. Pictet Asset Management Ltd. purchased a new position in Groupon during the 3rd quarter worth approximately $37,704,000. First Trust Advisors LP grew its position in Groupon by 43.4% during the 2nd quarter. First Trust Advisors LP now owns 16,324,191 shares of the coupon company’s stock worth $62,685,000 after purchasing an additional 4,937,648 shares in the last quarter. SG Capital Management LLC purchased a new position in Groupon during the 3rd quarter worth approximately $16,741,000. State Street Corp grew its position in Groupon by 38.2% during the 2nd quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock worth $33,898,000 after purchasing an additional 2,440,783 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Groupon by 8.1% during the 2nd quarter. Vanguard Group Inc. now owns 32,453,440 shares of the coupon company’s stock worth $124,620,000 after purchasing an additional 2,430,907 shares in the last quarter. Hedge funds and other institutional investors own 55.44% of the company’s stock.
Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
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